The investment group led by NBA legend Magic Johnson and controlling owner of the Los Angles Dodgers Mark Walter have purchased the WNBA’s Los Angeles Sparks.
The investment group includes Dodger co-owners Todd L. Boehly, Robert L. Patton and Stan Kasten.
There should be few changes to the team’s operation as they will remain in Los Angeles and continue to play at the Staples Center. The WNBA will announce it’s television schedule later this week.
“This is a great day for the city of Los Angeles and the Sparks,” Johnson said. “The leaders of this great city came together quickly to keep this franchise right where it belongs—in the city of Angels. Thanks to my sister, Evelyn, playing college basketball, I have a great appreciation of the talented players that represent the WNBA. Our group will now work together to bring our loyal fans another WNBA championship. “
Johnson pushed some of his fellow owners of the Dodgers to buy the Sparks after Lakers ownership had decided to pull out.